Thomas Au
CERTIFIED FINANCIAL PLANNER® Professional
CERTIFIED FINANCIAL PLANNER® Professional
Investor risk is part of life: Geopolitics, macro- and microeconomics, corporate banking, and national solvency pose a significant financial risk to the world’s capital markets. Massive debt held collectively by individuals, companies, or sovereign nations can indirectly affect currencies, bond …
Read moreFor many retirees, the transition from saving to spending brings a surprising challenge: excess income. Once you convert your RRSP to a Registered Retirement Income Fund (RRIF) by age 71, the Canada Revenue Agency (CRA) mandates a minimum annual withdrawal. …
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People behave according to their mindset. Some mindsets can keep you from putting your money to work, which you can do by buying equity investments such as equity investment funds. Psychological fear can also keep you from investing. Here are …
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Navigating the TFSA and RRSP landscapes can be tricky, especially with “re-contribution” traps. Here is the detailed breakdown of the rules, the historical limits, and why the TFSA is often the superior choice for large, one-time withdrawals. TFSA Contribution & …
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A Tax-Free Savings Account (TFSA) can continue providing tax advantages after death, but the outcome depends on who inherits the account. If you name your spouse or common-law partner as the successor holder, they automatically become the new account holder …
Read moreUpdated for 2027 What are some differences between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP)? The tax benefits of the Tax-Free Savings Account (TFSA) The TFSA is a registered savings account that allows Canadian taxpayers …
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You are permitted to contribute to your RRSP up until December 31 of the year in which you turn 71, at which point your RRSP must be closed. This deadline is firm — missing it means the entire balance is …
Read moreMany people get caught up timing the market, when influenced by either of the two emotions, greed or fear. Here’s why this never works.
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